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Dec 31, 2012
12/12
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WETA
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that means the u.s. could go over the fiscal cliff. on wall street today, investors bought up stocks on high hopes of deal, after president obama said this afternoon a deal is "in sight," and positive comments from republican leaders in the senate. here's how e major averagesr closed on this last trading day of 2012. the dow surged 166 points, the nasdaq jumped about 60, and the s&p rose almost 24 points. while wall street has already closed the books on 2012, washington still has a few hours to go before its new year's day fiscal cliff deadline. darren gersh has the latest. >> reporter: after a weekend of late-night negotiations with the vice presidt, senate republican leader mitch mcconnell said an agreement on the fiscal cliff was very, very close. >> we'll continue to work on finding smarter ways to cut spending, but let's not let that hold up protecting americans from the tax hike that will take place in about 10 hours. >> reporter: the deal would raise the top tax rate for individuals making more than $400,000 and couples with mo
that means the u.s. could go over the fiscal cliff. on wall street today, investors bought up stocks on high hopes of deal, after president obama said this afternoon a deal is "in sight," and positive comments from republican leaders in the senate. here's how e major averagesr closed on this last trading day of 2012. the dow surged 166 points, the nasdaq jumped about 60, and the s&p rose almost 24 points. while wall street has already closed the books on 2012, washington still has...
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Dec 31, 2012
12/12
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WUSA
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in a few hours, the u.s. will go over the fiscal cliff which could trigger across-the-board tax increases and billions in spending cuts. however, there is hope for a soft landing. senate republican leader mitch mcconnell and president obama said today a deal was close. but late in the day house leaders announced they will not vote on a deal tonight. they're waiting for the senate. so what happens now? we have two reports beginning with nancy cordes on capitol hill. nancy, good evening. >> good evening to you, rebecca. it looks like the deadline pressure finally prompted a meeting of the minds today. negotiators agreed to a plan that extends the bush era tax cuts for 99% of americans. but they are hung up on one key spending issue, and so it looks like we will go over the fiscal cliff at least temporarily. >> we're very, very close to an agreement. >> reporter: senate republican leader mitch mcconnell said his round-the-clock negotiations with vice president biden had paid off. >> i can report that we've reach
in a few hours, the u.s. will go over the fiscal cliff which could trigger across-the-board tax increases and billions in spending cuts. however, there is hope for a soft landing. senate republican leader mitch mcconnell and president obama said today a deal was close. but late in the day house leaders announced they will not vote on a deal tonight. they're waiting for the senate. so what happens now? we have two reports beginning with nancy cordes on capitol hill. nancy, good evening. >>...
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Dec 31, 2012
12/12
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WBAL
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and yet not a single fatal commercial airline accident in the u.s. in nearly four years. and worldwide, 2012 is going down as the safest year ever, with just one accident for every 5.4 million flights. veteran aviation safety expert john cox. >> what's significant about that is that we're improving by 50% over last year, which was the aviation's safest year previously. it's an incredible feat. >> reporter: why the improvement? pilots have never been better trained. computerized cockpits monitor every aspect of flight. systems warn pilots of a potential crash or mountain ahead. and hd simulators for pilots and air traffic controllers train them to handle emergencies before they face a real one. deb deb debby herzman is chairman of the ntsb. >> we bring the accidents back in, they have been embraced in many cases and we're not seeing repeats of those same accidents. >> reporter: but experts say two actions in which human failure was partly to blame. air france 447 crashed into the atlantic in 2009, killing 228. that same year, regional airline, flight 3407, crashed in buffa
and yet not a single fatal commercial airline accident in the u.s. in nearly four years. and worldwide, 2012 is going down as the safest year ever, with just one accident for every 5.4 million flights. veteran aviation safety expert john cox. >> what's significant about that is that we're improving by 50% over last year, which was the aviation's safest year previously. it's an incredible feat. >> reporter: why the improvement? pilots have never been better trained. computerized...
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Dec 31, 2012
12/12
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. ♪ tum tum tum tum tums aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ >>> as so many of you likely know, this will be the first new year's out dick clark. tonight, they are preparing a tribute as we hear from dick clark's wife, who made the trip to times square to ring in another new year. >> times square in new york. you're invited to new year's rockin' eve, '74. >> reporter: long before he became the face, the friend who would guide us into every new year. >> 2001. >> reporter: dick clark head made his way into living rooms across america. >> dick clark! >> this one is called "rock around the clock." ♪ one, two, three o'clock >> reporter: he said it was very simple. we played a record, and the kids danced. and we made the way we danced okay for parents, who still needed convincing. 1957, it all started. there would be 36 years 0 "american bandstand" on abc. those boomers getting the
. ♪ tum tum tum tum tums aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ >>> as so many of you likely know, this will be the first new year's out dick clark. tonight, they are preparing a tribute as we hear from dick clark's wife, who made the trip to times square to ring in another new...
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Dec 31, 2012
12/12
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LINKTV
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u.s. history. president obama defeated mitt romney forcing the republicans to reconsider their policies among others returning women and immigrants. while the major party presidential candidate did not take on fossil fuel, climate change in any of their debates, it was a year of extreme weather from melting of the arctic to superstorm sandy to the massive typhoon in the philippines. 2012 will also be remembered for a series of mass shootings from aurora, arata, to the sikh temple, to be shooting in newtown, conn.. the case around trayvon martin sparked national protest after officials refused to arrest george zimmerman. president obama continues his secret drone wars. we spend the hour looking back at the moment and movements that shaped 2012. >> democratic congresswoman gabrielle giffords has announced she will step down this week. she was shot in the head last year in a shooting spree that left six people dead in tucson. >> thank you for your prayers and for giving me the time to recover
u.s. history. president obama defeated mitt romney forcing the republicans to reconsider their policies among others returning women and immigrants. while the major party presidential candidate did not take on fossil fuel, climate change in any of their debates, it was a year of extreme weather from melting of the arctic to superstorm sandy to the massive typhoon in the philippines. 2012 will also be remembered for a series of mass shootings from aurora, arata, to the sikh temple, to be...
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Dec 31, 2012
12/12
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FBC
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we will go up in u.s. stock market, but we will see even bigger percentage rises in both china and india. gerri: all right. when you look at this the thing folks are seeing a $600 billion hit to the economy. higher taxes, lower government spending. gerri: we are probably going to see amid cycle slowdown. importantly valuations are not that attractive. the bond market is really in a bowl. stocks are up 20-25% depending upon which markey looking at. we would say in 2013 whereas in 2012 the issue was still be -- guard against not being optimistic enough. we think in 20131 must guard against being too optimistic. gerri: oh boy. to you. has there been a little complacency in the market? will we have seen is the market's trading down on fiscal cliff talk that has been moving on that. you're bullish. where do you think the stocks will be rising on? we will be the news that will compel the stocks higher. >> love it is really the healing of the global economy. now that you are starting out of china and india stabil
we will go up in u.s. stock market, but we will see even bigger percentage rises in both china and india. gerri: all right. when you look at this the thing folks are seeing a $600 billion hit to the economy. higher taxes, lower government spending. gerri: we are probably going to see amid cycle slowdown. importantly valuations are not that attractive. the bond market is really in a bowl. stocks are up 20-25% depending upon which markey looking at. we would say in 2013 whereas in 2012 the issue...
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Dec 31, 2012
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economy is the u.s. congress. and i think that's it. people are pretty fed up, and all they're trying to do really is sort of damage control, andct not make themselves look worst than they look. >> lot of, just observers hereob in all of this, is this going to be the new normal, unproductive do nothing congress?co >> i think because of the political complexion of things, and extremism is sort of appreciated, and that congress people view just staying in office rather than doingdo something for the betterment of their country, coupled with just the institution that there's ath republican house, democratic president, a democratic senate, you are always going to have problems, but you have moremo problems than 10 or 20 years ago because of the political psyche of the elected officials. >> so many people thought, nowth that president obama was reelected, that we still wouldn't receive the same sort of gridlock in congress. >> it won't happen, it won't be different until incumbents are beaten just for being an incumbent, and that didn't happ
economy is the u.s. congress. and i think that's it. people are pretty fed up, and all they're trying to do really is sort of damage control, andct not make themselves look worst than they look. >> lot of, just observers hereob in all of this, is this going to be the new normal, unproductive do nothing congress?co >> i think because of the political complexion of things, and extremism is sort of appreciated, and that congress people view just staying in office rather than doingdo...
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Dec 31, 2012
12/12
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they want taxpayers to know the u.s. treasury made a multibillion dollar profit on giving that loan. the thank you mesh ad campaign claims the government has more than $20 billion in the deal. >>> a westminster mans dead after a car crashed at carroll hospital center. it happened just after 8:00. >> reporter: tire tracks cut through the grass in front of the sleep center at carroll hospital center showinged unexpected path a driver took this morning. >> we had a vehicle enter the hospital grounds, lose control, go across the lawn and strike part of our building. >> reporter: turns out the driver of that vehicle had a medical emergency while he was behind the wheel. the carroll county sheriff's office said 78-year-old thomas skipper, jr. jumped the curve and ran over a tree before crashing into an office window. >> there was someone siting in that area. luckily, he were not injured. >> reporter: that window is now covered with a tarp closed up so the facility can continue operating. skipper was taken steps away to the eme
they want taxpayers to know the u.s. treasury made a multibillion dollar profit on giving that loan. the thank you mesh ad campaign claims the government has more than $20 billion in the deal. >>> a westminster mans dead after a car crashed at carroll hospital center. it happened just after 8:00. >> reporter: tire tracks cut through the grass in front of the sleep center at carroll hospital center showinged unexpected path a driver took this morning. >> we had a vehicle...
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Dec 31, 2012
12/12
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. >>> but first, the u.s. is apparently going over the fiscal cliff. in just six hours across the board spending cuts and automatic tax hikes for all americans will kick in. lawmakers say they're close to an agreement. there are still some major sticking points. randall pinkston has the very latest. >> reporter: the gnat is close to a daily as the clock ticks toward mid nature and the nation teethers on the edge of the so-called fiscal cliff. >> let's pass the tax relief portion now. let's take what's been agreed to and get moving. >> reporter: the tentative deal would extend bush era tax cuts for families making $450,000 a year and individuals making 40 o,000. it would also extend unemployment benefits for one year. president obama said he would have preferred a grand bargain that solves all of washington's revenue and spending problems. >> with this congress, that was obviously a little too much to hope for at this time. it may be we can do it in stages. >> reporter: negotiations have been going on all day, lawmakers and aids moving back and forth be
. >>> but first, the u.s. is apparently going over the fiscal cliff. in just six hours across the board spending cuts and automatic tax hikes for all americans will kick in. lawmakers say they're close to an agreement. there are still some major sticking points. randall pinkston has the very latest. >> reporter: the gnat is close to a daily as the clock ticks toward mid nature and the nation teethers on the edge of the so-called fiscal cliff. >> let's pass the tax relief...
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Dec 31, 2012
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-- damage the u.s. economy? since i've lost weight i have so much more energy than i used to, when i'm out with my kids, my daughter's like, "mom, wait up!" and i'm thinking, "shouldn't you have more energy than me? you're, like, eight!" [ male announcer ] for every 2 pounds you lose through diet and exercise alli can help you lose one more by blocking some of the fat you eat. simple. effective. advantage: mom. let's fight fat with alli. learn more, lose more at letsfightfat.com. they don't help single moms. hi! hi! [ sarah ] what happened to our house last year? [ daughters ] it flooded and the water flooded out. yeah. [ sarah ] the red cross arranged the hotel for us. they gave me that break, that leverage, to be able to get it together and take care of them. you know? i feel like we've come full circle. [ daughter 1 ] like that! [ daughter 2 ] this is how i'll do it. [ sarah ] there you go. >> bret: peter lanza the father of newtown shooter adam lanza claimed his son's body. no word when they were claimed or
-- damage the u.s. economy? since i've lost weight i have so much more energy than i used to, when i'm out with my kids, my daughter's like, "mom, wait up!" and i'm thinking, "shouldn't you have more energy than me? you're, like, eight!" [ male announcer ] for every 2 pounds you lose through diet and exercise alli can help you lose one more by blocking some of the fat you eat. simple. effective. advantage: mom. let's fight fat with alli. learn more, lose more at...
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Dec 31, 2012
12/12
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WRC
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. >>> we're going to be heading >>> the u.s. consulate in ben gauze i would have had a poor security in a threat environment flashing red. that's the conclusion of a new senate rot on an attack that killed an ambassador and three other americans. the senate committee on homeland security and government affairs released the bipartisan report today. that report levels a major portion of the blame on the state department for failing to respond to repeated requests from u.s. staff in benghazi for more security, but the committee also found fault with the intelligence community, the defense department, the white house and congress. >> the terrorists essentially walked into the com pound, virtually unimpeded and set it ablaze due to extremely poor security. >> looking back, i would say we should have closed this facility. >> the report also notes that the administration also gave inconsistent -- the intelligence community drined to provide unclassified talking points for public consumption. >>> now to a developing story involves secre
. >>> we're going to be heading >>> the u.s. consulate in ben gauze i would have had a poor security in a threat environment flashing red. that's the conclusion of a new senate rot on an attack that killed an ambassador and three other americans. the senate committee on homeland security and government affairs released the bipartisan report today. that report levels a major portion of the blame on the state department for failing to respond to repeated requests from u.s. staff...
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Dec 31, 2012
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the u.s. government is going over the fiscal cliff, even as senate republicans and the white house reported progress had been made, but house republicans say they will not vote on anything tonight. good evening. i'm judy woodruff. >> suarez: and i'm ray suarez. on the newshour tonight, we have the latest on today's developments, including an update from todd zwillich of public radio international who's been tracking the story on the hill. >> woodruff: then, as secretary of state hillary clinton is hospitalized with a blood clot, we examine their causes and possible treatments. >> suarez: margaret warner talks to jonathan martin and glenn thrush of politico. their new e-book focuses on the crucial final month of the presidential race between barack obama and mitt romney. test. >> barack obama didn't perform that well until late and romney didn't perform the campaign well. campaign management is more important than an individual candidate's performance. >> woodruff: from boston, hari sreenivasan
the u.s. government is going over the fiscal cliff, even as senate republicans and the white house reported progress had been made, but house republicans say they will not vote on anything tonight. good evening. i'm judy woodruff. >> suarez: and i'm ray suarez. on the newshour tonight, we have the latest on today's developments, including an update from todd zwillich of public radio international who's been tracking the story on the hill. >> woodruff: then, as secretary of state...
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Dec 31, 2012
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it was a bit of a surge on the u.s. markets. that has come back tonight but it is still holding at 12991. eurostoxx 50. euro trading down $1.3194. >> secretary of state henry clinton in the hospital due to a blood clot from the concussion she's a reporter earlier this month. >> she is under observation and will be in the hospital at least until tuesday. she is 65 years old. she has stated that she will be stepping down next month. the egyptian pound continues to fall against the u.s. dollar despite financial authorities tried to hold it from sliding. mohamed morsi expects that it will stabilize. >> political turmoil has sent worried egyptian scrambling to change their currency into pounds and dollars. they are imposing controls on how much cash can physically be carried out of the country. >> the latest attempt to stabilize the currency has had little impact on it slide. beside reserves in its currency auction, the egyptian pound falling to a new low. the currency have been losing value since the unrest began. two major factors
it was a bit of a surge on the u.s. markets. that has come back tonight but it is still holding at 12991. eurostoxx 50. euro trading down $1.3194. >> secretary of state henry clinton in the hospital due to a blood clot from the concussion she's a reporter earlier this month. >> she is under observation and will be in the hospital at least until tuesday. she is 65 years old. she has stated that she will be stepping down next month. the egyptian pound continues to fall against the...
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for a lot of unfortunate people in pakistan and yemen and elsewhere they're not too happy with the u.s. drone program there but i think probably you know my realm is foreign policy and i think unfortunately syria has been the headliner in two thousand and twelve it's been getting much much worse and you know impending doom all the way a lot along one thing that was probably beneficial is that i think this year iran was a lot less. on the front burner is than last year last year was was a lot more teetering on the edge of possible war in the sure sort of calmed down so that was at least good well we have next year also here we'll how about you was at the presidential campaign in the united states because you did some good stuff with it oh it had been it just sucked all the decision out of every news channel in newspaper and it was from february until november and well i will caucus is i think were january second or third so right from the beginning of the year until november seventh the heavy heavy and romney fortunately was he just provided so much material at every juncture you can't
for a lot of unfortunate people in pakistan and yemen and elsewhere they're not too happy with the u.s. drone program there but i think probably you know my realm is foreign policy and i think unfortunately syria has been the headliner in two thousand and twelve it's been getting much much worse and you know impending doom all the way a lot along one thing that was probably beneficial is that i think this year iran was a lot less. on the front burner is than last year last year was was a lot...
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well this u.s. mainstream media has devoted hundreds of hours to cover a covering this excruciating fiscal cliff process just a few hours ago many sources said a deal would in fact be reached now as we see that is not the case this isn't the only one eighty though that media outlets have been forced to make there are several examples even just in this year in two thousand and twelve and the pointer institute a school dedicated to teaching media leaders and to promoting excellence in journalism every year they put together a list of the biggest media fails last year's list included numerous flubs by media mistaking the name osama for obama when announcing the death of osama bin laden this year the number one media error had to do with a certain supreme court ruling on the affordable care act otherwise known as obamacare if you've forgotten let me refresh your memory the individual mandate has been ruled unconstitutional justices have just got it was the centerpiece provisions of the obama health care
well this u.s. mainstream media has devoted hundreds of hours to cover a covering this excruciating fiscal cliff process just a few hours ago many sources said a deal would in fact be reached now as we see that is not the case this isn't the only one eighty though that media outlets have been forced to make there are several examples even just in this year in two thousand and twelve and the pointer institute a school dedicated to teaching media leaders and to promoting excellence in journalism...
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Dec 31, 2012
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. >> the u.s. has just evacuated all personnel from benghazi to tripoli. >> this was a concerted effort, well organized. heavily armed. >> the american president and secretary of state and everybody else in the administration saying louddy it was because of the video. >> what happened initially, it was spon tapous reaction to what had just transpired in cairo, consequence of the video. >> they threw the libyan president under the bus. he said this is a terror attack. the administration said he doesn't know what he is talking about. >> is this guy worried about what is going non-the muslim world? >> the idea he's somebody who opportunity care is absurd. >> never ever forget that our freedom is only sustained because our people who are willing to fight for it. >> exactly two hours from now at 7:00 p.m. eastern, the first polls will close in six states. >> you cannot win as a republican if you don't win ohio. >> now you are to the point that none of this is making sense. this is not right. it will go
. >> the u.s. has just evacuated all personnel from benghazi to tripoli. >> this was a concerted effort, well organized. heavily armed. >> the american president and secretary of state and everybody else in the administration saying louddy it was because of the video. >> what happened initially, it was spon tapous reaction to what had just transpired in cairo, consequence of the video. >> they threw the libyan president under the bus. he said this is a terror...
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Dec 31, 2012
12/12
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WBAL
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that brings us to consequence no. 5, the u.s. economy. as markets react, the cbo forecasts a slowdown in economic growth and a skyrocketing unemployment rate that could reach 9.1% by year's end. in other words, we head towards another recession. that prediction according to economist and head of the federal reserve, who are originally. the term of fiscal cliff to describe this doomsday scenario. >> they with us as we continue to monitor the negotiations on air and on line. we'll have all the late breaking coverage that you need. we also have a special project economy section on the website that explains the situation in greater detail. just go to wbaltv.com. >> here in baltimore, people are gathering down the inner harbor for the area's largest new year's eve fireworks display. we are all over this new year's eve spectacular. a bird's-eye view of traffic into the inner harbor and the festivities from the air. sarah has more on all the excitement that is building. but there is a lot of excitement here downtown as we prepare to countdown to
that brings us to consequence no. 5, the u.s. economy. as markets react, the cbo forecasts a slowdown in economic growth and a skyrocketing unemployment rate that could reach 9.1% by year's end. in other words, we head towards another recession. that prediction according to economist and head of the federal reserve, who are originally. the term of fiscal cliff to describe this doomsday scenario. >> they with us as we continue to monitor the negotiations on air and on line. we'll have all...
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Jan 1, 2013
01/13
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CSPAN
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one of the things i would like to pretend that is in 2012 the u.s. would actually develop a u.s. policy. some of this will develop this natural gas so and these unconventional things. >> a year relaxed about this whole a certain sum of the industry happening so fast. in the other part of the world there is the misgivings about this. >> relax is not the word i would have chosen chris has become an extraordinarily contentious issue. one of the reasons it has been contentious is because they're in packs. too often up until now many companies have tonight there are any impacts. the communities see their water contaminated not necessarily buy tractors but by spills on the surface. the cement casings i. they see their what you're getting contaminated. -- they see their what you're getting contaminated. i visited in pennsylvania 30 minutes out of pittsburgh as part of president obama appointed seven of us to chart a safe path forward. i had a woman who said she was forced to abandon her family farm because of the noxious emissions from the neighboring wells. her son in order to continue
one of the things i would like to pretend that is in 2012 the u.s. would actually develop a u.s. policy. some of this will develop this natural gas so and these unconventional things. >> a year relaxed about this whole a certain sum of the industry happening so fast. in the other part of the world there is the misgivings about this. >> relax is not the word i would have chosen chris has become an extraordinarily contentious issue. one of the reasons it has been contentious is...
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the u.s. government is pulling the plug. >> the edison bulb hasn't changed much in 100 years. >> reporter: under federal law, they cannot be produced or imported. the retailers can clear remaining stock. >> 90% of the energy is wasted. what they replaced them with is more energy official, just as bright and good, and will save you money. >> reporter: most screw-in bulbs must use at least 75% less energy. two options are compact fluorescent light bulbs. >> they have some drawbacks. they don't get bright inns atlantaly. >> o.l.e.d.s. >> they use about 75% energy than a regular bulb and produce just as much light. >> l.e.d. bulbs are expensive, but prices are dropping. the future is dim for incandescent bulbs. while 175-watt edison bulbs go the way of the dinosaur, the u.s. government will turn out the lights on the 60 and 40 watt bulbs in 2014. >>> right now at 6:00 --
the u.s. government is pulling the plug. >> the edison bulb hasn't changed much in 100 years. >> reporter: under federal law, they cannot be produced or imported. the retailers can clear remaining stock. >> 90% of the energy is wasted. what they replaced them with is more energy official, just as bright and good, and will save you money. >> reporter: most screw-in bulbs must use at least 75% less energy. two options are compact fluorescent light bulbs. >> they have...
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Dec 31, 2012
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MSNBCW
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wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> secretary of state hillary clinton remains hospitalized this evening at new york presbyterian hospital. state department spokesperson phillip ray na said that doctors found that clot sunday during a follow-up exam. secretary clinton had fainted and fallen earlier this month as a result of severe dehydration from a stomach flu. she is being treated with anti-co-ing a lantz to resolve the clot which was found in her head. with us to discuss the case, nbc news chief science and health correspondent bob bazell. good to see you, bob. when we talked last night, what you said was we were missing a critical piece of information, which is where i
wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> secretary of state hillary...
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debates but to say there was a difference between the way that conversation is is addressed in the u.s. versus in canada you said in canada there were these dialogues going on whereas in the latter there really there are you know i think within within the. within the canadian political environment the there are certain politicians maxine bernie other members of the conservative government who are you know raising the issues and and. and i think that's leading to a a legitimate debate say that look we've been through some pretty wild times here you know there there the role of monetary policy the role of fiscal policy and how you know how we manage these things you know if if the fed itself and if other central banks are engaging in unconventional policies as we've seen then it's we're certainly at it and now at a point where probably there's a lot of scope to put a lot of issues on the table and i he's now based in canada which is why we made that comparison there out james savage there with that interview and also still ahead as the taxicabs system is muddled with regulation we check
debates but to say there was a difference between the way that conversation is is addressed in the u.s. versus in canada you said in canada there were these dialogues going on whereas in the latter there really there are you know i think within within the. within the canadian political environment the there are certain politicians maxine bernie other members of the conservative government who are you know raising the issues and and. and i think that's leading to a a legitimate debate say that...
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just hours before the deadline and the start to a new year it appears the u.s. may avoid a fiscal dive a compromise is still in the works at this hour we'll bring you the latest on these budget debates and ask why everything in washington always seems so last minute twenty twelve is almost coming to an end tonight a look back at some of our most memorable stories at our team will bring you the good the bad and the just plain weird. and it's a horror militaries don't plan for and civilian populations can't avoid future generations suffering from birth defects as a result of wars past that's what you need to know about this haunting trend. it's monday december thirty first two thousand and twelve four pm in washington d.c. i'm christine and you're watching our team or we going to begin this hour with a look at the latest on the fiscal cliff tonight at midnight is the deadline after all and it even brought the u.s. congress into work yesterday on a sunday as some people have been waiting with bated breath to see just what the terms of the deal will look like it's i
just hours before the deadline and the start to a new year it appears the u.s. may avoid a fiscal dive a compromise is still in the works at this hour we'll bring you the latest on these budget debates and ask why everything in washington always seems so last minute twenty twelve is almost coming to an end tonight a look back at some of our most memorable stories at our team will bring you the good the bad and the just plain weird. and it's a horror militaries don't plan for and civilian...
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we've seen a marked retreat from u.s.-based investments after u.s. centric holdings, the s&p 500 showing strong leadership in the first ten months of the year. what we've reason seen is now foreign markets picking up the slack. so i would say when we look into 2013, the opportunities most likely exist outside the united states, not in the u.s. >> outside of the united states is a large geographic area. can you narrow it down for us? like asia, europe, emerging frontier, what is it? >> of course, mandy. and that's part of the asset selection you have to do. for us one of the best areas we've seen has been in emerging market debt. it started out many years ago with the bricks and recently we've moved in the last five or six years to the n-11. by looking at those markets where we can have sovereign debt and corporate debt and relying on a good fund like the fidelity emerger. >> peter, i'm interested in what is going to be the key driver of the markets overall. i'm kind of sick of politics being the driver. right? because it means we're not driven by fun
we've seen a marked retreat from u.s.-based investments after u.s. centric holdings, the s&p 500 showing strong leadership in the first ten months of the year. what we've reason seen is now foreign markets picking up the slack. so i would say when we look into 2013, the opportunities most likely exist outside the united states, not in the u.s. >> outside of the united states is a large geographic area. can you narrow it down for us? like asia, europe, emerging frontier, what is it?...
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david: dennis kucinich will your last vote for the u.s. congress at least this time out will be for this debt deal? >> i want to see what the deal is. you never commit what your vote will be until you read it. i will say this if the private sector isn't creating jobs, the public sector has a moral obligation to help get america back on its feet. china just, is investing billions of dollars in high-speed rail. what are we doing here in this country? we should be rebuilding america. have more taxpayers and quit putting increased burden on taxpayers. >> then raise the taxes. liz: will we have a deal tonight? >> dennis, raise taxes to pay for it, please. take that position and come out and say raise taxes to pay for it. stop borrowing money to do what you said. liz: representative humans camp will we have a deal? >> no time to finish that. irs moved back withholding tables. there is still a few days. deal that raises taxes increases spending and ignores entitlement reforms i'm a no on any deals. david: no on deals from all three of you guys. w
david: dennis kucinich will your last vote for the u.s. congress at least this time out will be for this debt deal? >> i want to see what the deal is. you never commit what your vote will be until you read it. i will say this if the private sector isn't creating jobs, the public sector has a moral obligation to help get america back on its feet. china just, is investing billions of dollars in high-speed rail. what are we doing here in this country? we should be rebuilding america. have...
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the u.s. is going over the fiscal cliff, at least technically. we'll see what the senate does tonight, if anything. what the house of representatives does to follow the stakes, as all of us know, are enormous. senators, thanks very much for joining us. >> thank you. >> congress had well over a year to tackle this fiscal cliff. instead, we've come down now to the final eight hours before our nation takes a severe hit potentially to the economy. tyeah, its the galaxy note ii.re great. you can do two things at the same time. you can watch videos and text. or you could watch the earnings report and take notes, like we're supposed to. so... can i get it? yeah. okay either of you put together the earnings report yet? yes, me totally. what? why don't you tackle the next quarter. you eat yet? polynesian? pu pu platter? yup! keep up the good work. i will keep up the good work. do more with the new samsung galaxy note ii. [ dog barking ] ♪ [ female announcer ] life is full of little tests, but your ba
the u.s. is going over the fiscal cliff, at least technically. we'll see what the senate does tonight, if anything. what the house of representatives does to follow the stakes, as all of us know, are enormous. senators, thanks very much for joining us. >> thank you. >> congress had well over a year to tackle this fiscal cliff. instead, we've come down now to the final eight hours before our nation takes a severe hit potentially to the economy. tyeah, its the galaxy note ii.re great....
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harwood is reporting that there will be no vote in the house tonight, and according to his sources, the u.s. will go over the fiscal cliff. what's your reaction to that? have you heard that -- >> we can confirm that. >> i love john harwood, but luke and i have been reporting the same thing, jonathan, so there. >> okay. so we're going over the cliff? >> apparently. that's the bad news. the good news is, the parameters of a deal are definitely there. as you described, jonathan, the sticking point remains this so-called trigger, the sequester. remember, they agreed upon it last summer in july and august of 2011 when they came to that big debt ceiling deal. if there were no decision on how to cut government spending by now, these draconian cuts, indiscriminate across the board to defense half of it, $500 billion in domestic programs, the other half of it, the other $500 billion would go into effect. and now some want to have that delayed. they want to have it put off. the house of representatives, the leadership there is saying absolutely no way. there are ironies that abound all along here in
harwood is reporting that there will be no vote in the house tonight, and according to his sources, the u.s. will go over the fiscal cliff. what's your reaction to that? have you heard that -- >> we can confirm that. >> i love john harwood, but luke and i have been reporting the same thing, jonathan, so there. >> okay. so we're going over the cliff? >> apparently. that's the bad news. the good news is, the parameters of a deal are definitely there. as you described,...
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perversely, the u.s. dollar would benefit as a safe haven currency, perhaps even the pseudo-safe haven japanese yen would benefit temporarily. and then alto the u.s. is downgraded, u.s. treasuries actually stand some room the gain here. liz: okay. but the yen, for example, was falling today. in fact, it hit its lowest level in two years. the dollar's gain against the yen is the best that we've seen in, what, about five or six years? since '05 really, so seven years. what do you like out there. what are if i could ask you to pick two different currency, do you feel if people want that as slice of their investment pie, where should they be putting their money? >> i think the mistake in 2012 is betting against the euro. the fact that it's a, greece exiting the eurozone is going to drag down the euro with it. i don't think that's the way you want to play that this coming year. the euro is supported by trade and investment flows, they keep it on an even keel. where you want to focus are on those currencies tha
perversely, the u.s. dollar would benefit as a safe haven currency, perhaps even the pseudo-safe haven japanese yen would benefit temporarily. and then alto the u.s. is downgraded, u.s. treasuries actually stand some room the gain here. liz: okay. but the yen, for example, was falling today. in fact, it hit its lowest level in two years. the dollar's gain against the yen is the best that we've seen in, what, about five or six years? since '05 really, so seven years. what do you like out there....
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. >> a little more than an hour ago, the president said he's optimistic that the u.s. economy will not go over the fiscal cliff. that's one of the top stories this noontime. good afternoon. i'm david stevenson. >>> we begin with developing news at this hour. san jose police are investigating the city's 46th homicide of the year. it happened at an apartment complex on lewis road off monterey highway and janine de la vega joins us from the scene. janine, we understand police may no who may be responsible -- may know who may be responsible. >> reporter: that's right. they have two adult males detained and they are questioning them and treating them as persons of interests. homicide detectives are here at the sulker breeze apartments. all of the activities seem to be centered around a parking garage. just before 9:30 this morning, they received a 911 call that a man with a gun was at the -- on the grounds. when police arrived, they found a manner in a car shot. paramedics tried to revive him. but he died on the scene. after talking to a couple of witnesses they've determin
. >> a little more than an hour ago, the president said he's optimistic that the u.s. economy will not go over the fiscal cliff. that's one of the top stories this noontime. good afternoon. i'm david stevenson. >>> we begin with developing news at this hour. san jose police are investigating the city's 46th homicide of the year. it happened at an apartment complex on lewis road off monterey highway and janine de la vega joins us from the scene. janine, we understand police may no...
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>> first of all i agree with john that the u.s. market remains fairly attractive. the thing about international is a couple things. first of all, if you look at a broad index efa is stretched to the downside than historic levels. the s&p looks attractive. the other thing is the policy mandate in places like europe believe it or not for the first time in a really long time they actually may be clearer than the u.s. >> chris, is there something about the fiscal cliff, deal or no deal, that makes you concerned about u.s. equities versus international ones? >> well, yes. but i think it's a relative concern. because i think risk assets around the world are attractively valued right now. but you're absolutely right. regardless of what sort of deal we get today or in the next three months, the fact of the matter is it will have an adverse impact next year. the question is is it going to be bad enough to throw the country into recession or not? we suspect not. and you're seeing today that it looks like a -- that both political sides have been able to find common ground on
>> first of all i agree with john that the u.s. market remains fairly attractive. the thing about international is a couple things. first of all, if you look at a broad index efa is stretched to the downside than historic levels. the s&p looks attractive. the other thing is the policy mandate in places like europe believe it or not for the first time in a really long time they actually may be clearer than the u.s. >> chris, is there something about the fiscal cliff, deal or no...
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it, though they're not going to be able to pass something to reform, for example, the cash-strapped u.s. postal service, our understanding is they got 90% to 95% of a deal. it came down to worker compensation claims. that's a big philosophical difference. but otherwise there was a plan. reauthorizing the violence against women act, there's another one. obviously everyone wants to reauthorize it. they understand those protections are needed. because democrats were pushing to expand some of the proteks to homosexual couples, there's been hold up there again. almost a deal just not enough time and frankly with this environment not enough goodwill necessarily to get this deal done. there were things in the works. there was a lot of hope that some of these things would get done if fiscal cliff could be put off the table. it's not going to happen. >> when you talk about not enough goodwill, that's true when the cameras are on. when the cameras are off a lot of these people like each other, they're collegial, they're very much a family, at least in the senate, probably in the house, too. there
it, though they're not going to be able to pass something to reform, for example, the cash-strapped u.s. postal service, our understanding is they got 90% to 95% of a deal. it came down to worker compensation claims. that's a big philosophical difference. but otherwise there was a plan. reauthorizing the violence against women act, there's another one. obviously everyone wants to reauthorize it. they understand those protections are needed. because democrats were pushing to expand some of the...
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the impact will be felt in just about every aspect of the u.s. economy, especially u.s. manufacturing. let's bring it n president of power systems. also david watham. they make a wide range of manufacturing product from packaging to containers. both of you, great to have you with us today. david, to you first of all. i don't know if you've been listening to the tv or radio or hearing about the headlines or the contours of the deal arising right now. what does it mean for your business? >> first off, i'm optimistic because it is a step in the right direction. all it is, is a step. big stuff to work on. >> that said and i talk a lot to counter parts, we are all operating in this mode we are in flat economies and a few bright spots around and you jump on those and anything with the solution, is pretty short term and there is a lot bigger stuff to do before we can grow the u.s. i'm a big optimist on the u.s. but we have work to do. >> david, in the lead up to this fiscal cliff deadline, a lot of ceos we have spoken to have said, just the uncertainty that the tax rates will b
the impact will be felt in just about every aspect of the u.s. economy, especially u.s. manufacturing. let's bring it n president of power systems. also david watham. they make a wide range of manufacturing product from packaging to containers. both of you, great to have you with us today. david, to you first of all. i don't know if you've been listening to the tv or radio or hearing about the headlines or the contours of the deal arising right now. what does it mean for your business? >>...
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. >>> senate homeland committee chairman lieberman issuing a report on the attack on the u.s. consulate in benghazi, libya that killing ambassador chris stooe stevens and three others. the chairman said there was a rising crescendo of evidence that the situation was becoming dangerous and unstable. >> this system was, in fact, flashing red in libya and benghazi, particularly. the tragedy is, however, that the reaction to the flashing red indicators was woefully inadequate. >> well, up next, how will wall street react if we go off the fiscal cliff? we'll check in with cnbc. >>> plus, who's the most admired woman and man in the world today? we'll tell you who tops gallup's analyst. it is just one of the things we thought you should know. be sure to check out the "news nation" tumblr pictures. really, we went with that one? [ male announcer ] kids grow up in no time... marie callender's turkey breast with stuffing is a great reason to slow down. creamy mash potatoes, homestyle gravy and 320 calories. marie callender's. it's time to savor. mommy's having a french fry. yes she is,
. >>> senate homeland committee chairman lieberman issuing a report on the attack on the u.s. consulate in benghazi, libya that killing ambassador chris stooe stevens and three others. the chairman said there was a rising crescendo of evidence that the situation was becoming dangerous and unstable. >> this system was, in fact, flashing red in libya and benghazi, particularly. the tragedy is, however, that the reaction to the flashing red indicators was woefully inadequate....
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it was a compromise u.s. lawmakers signed into law in 2011 that contributed to the pending man made catastrophe that they have been warning about for more than a year. now, as the new year's deadline approaches, the fiscal cliff may be moving to a later date, in 2013. it is part of a possible deal that is forming at this hour. this, of course, represents the $3.6 trillion the u.s. government spent last year, unless congress reaches a deal when the new year hits. so too will the fiscal cliff. $600 billion worth of tax increases and spending cuts. it is supposed to be automatic. but now republicans are suggesting a delay, the president just spoke trying to add pressure to congress to avoid going over the fiscal cliff. listen. >> my preference would have been to solve all these problems in the context of a larger agreement, a bigger deal, a grand bargain, whatever you want to call it, that solves our deficit problems in a balanced and responsible way that doesn't just deal with the taxes, but deals with the spen
it was a compromise u.s. lawmakers signed into law in 2011 that contributed to the pending man made catastrophe that they have been warning about for more than a year. now, as the new year's deadline approaches, the fiscal cliff may be moving to a later date, in 2013. it is part of a possible deal that is forming at this hour. this, of course, represents the $3.6 trillion the u.s. government spent last year, unless congress reaches a deal when the new year hits. so too will the fiscal cliff....
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the u.s. congress created this cliff situation when they failed to agree on a budget that would help the country reduce its deficit and its you monger's debt and what they did was what they usually do they put off those important decisions until a certain deadline that deadline is now so they came up with this scary word cliff to create lots of drama around which would be the ordinary maybe somewhat boring working process of any congress or parliament that is to agree on a budget the need to deadlines so the cliff which actually describes the mode in which the congress is working their inability to make decisions until the very very last minute the cliff that u.s. lawmakers have artificially created could become very real for the american people the vast majority of them over one thousand government programs would be cut it would hit the unemployed very hard they would stop getting unemployment benefits there would be other automatic cuts and tax hikes that would mostly affect those who are fi
the u.s. congress created this cliff situation when they failed to agree on a budget that would help the country reduce its deficit and its you monger's debt and what they did was what they usually do they put off those important decisions until a certain deadline that deadline is now so they came up with this scary word cliff to create lots of drama around which would be the ordinary maybe somewhat boring working process of any congress or parliament that is to agree on a budget the need to...
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the u.s. is now on the edge of the fiscal cliff. hours to go until the deadline and as we get closer in theory, the pentagon is getting ready to layoff quite literally thousands of employees because of the automatic spending cuts that go into effect if no deal is reached in d.c. at midnight. we have more on that fall out, hunter? >> how you doing simon? ? yes, just to flush out a little bit of what ber that was talking about, is delaying the spending cuts, down to the wire of the fiscal cliff negotiations. it is an absolute must across the potomac river at the pentagon. there would be a $55 million in spending, about 10% cut in many programs while a lot could be delayed, the most immediate contingency is notifying an estimated 800,000 civilian employees about furloughs in the new year. south carolina senator lindsay graham after he was contacted by secretary of defense leon panetta. >> he says if we do that, it will shoot the defense department in the head and we will have to send out 800,000 layoff notices at the beginning of the y
the u.s. is now on the edge of the fiscal cliff. hours to go until the deadline and as we get closer in theory, the pentagon is getting ready to layoff quite literally thousands of employees because of the automatic spending cuts that go into effect if no deal is reached in d.c. at midnight. we have more on that fall out, hunter? >> how you doing simon? ? yes, just to flush out a little bit of what ber that was talking about, is delaying the spending cuts, down to the wire of the fiscal...
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the u.s. and congress and the white house, according to our source, is weighing a 60-90 day delay in those automatic spending cuts. that is how they would deal with that. one omission in all of this, and this is very important, they are not discussing an extension of the debt ceiling. they want to have that yet ceiling fight. it is definitely a no go in the house for republicans. this is what is going on right now. back to you. shibani: at least that is the plan for the time being. thank you a lot, rich. right now we will go to peter barnes who is standing at the white house. we know the president will be speaking in about a half an hour peter: it sound like he may be announcing the deal because of some of the stagecraft around this. the white house says they will be making an announcement with middle-class families. he will be announcing some kind of tentative deal, tentative framework in his statement here at the old executive office building in just about 30 minutes from now. no comment fro
the u.s. and congress and the white house, according to our source, is weighing a 60-90 day delay in those automatic spending cuts. that is how they would deal with that. one omission in all of this, and this is very important, they are not discussing an extension of the debt ceiling. they want to have that yet ceiling fight. it is definitely a no go in the house for republicans. this is what is going on right now. back to you. shibani: at least that is the plan for the time being. thank you a...
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new calls to throw out u.s. constitution. just toss it out the window. we'll explain and debate that coming up next. arthel: if you can make it here you can make it anywhere. thousands brave the cold big apple for tonight's big ball drop. we'll bring you the latest from the ground at the new year's eve celebration that's viewed around the globe. [♪] >> i have to say ever since i took office, throughout the campaign and over the past several months. my preference would have been to solve these problems in terms of a bigger deal, a grand bargain that solves our deficit problems in a balanced and responsible way that doesn't just deal with the taxes but deals with the spending in a balanced way so that we can put all this behind us and focusing on growing our economy. but with this congress that was obviously a little too much to hope for at this time. sikh that was president obama sharing his thoughts on the debate over cutting federal spending. while there were reports of significant progress a short time ago. there is concern from republicans that they
new calls to throw out u.s. constitution. just toss it out the window. we'll explain and debate that coming up next. arthel: if you can make it here you can make it anywhere. thousands brave the cold big apple for tonight's big ball drop. we'll bring you the latest from the ground at the new year's eve celebration that's viewed around the globe. [♪] >> i have to say ever since i took office, throughout the campaign and over the past several months. my preference would have been to solve...
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the u.s. agriculture secretary says there could be dire consequences if lawmakers do not vote on this deal by tomorrow. >> if you like anything made with milk, you will be impacted by the fact there is no form bill because if there is not an extension or a new bill, on january 1, permanent agricultural law goes back into place and that will ultimately ramp up so that consumers will be shocked when instead of seeing $3.60 per gallon for milk, they will see $7 for milk. >> no word on if -- no word on when the dairy deal, for a vote than most economic looks remained shaky. there is one positive sign that may land you in the driver's seat. an economist predicts half a million more people will and their vehicle lease agreements in 2013 and that could flood the market with used vehicles and drivers looking for new ones. experts say it should bring down prices for used vehicles by a few hundred dollars. they see 2013 as the year of the truck which is tied to a predicted increase in construction. >> n
the u.s. agriculture secretary says there could be dire consequences if lawmakers do not vote on this deal by tomorrow. >> if you like anything made with milk, you will be impacted by the fact there is no form bill because if there is not an extension or a new bill, on january 1, permanent agricultural law goes back into place and that will ultimately ramp up so that consumers will be shocked when instead of seeing $3.60 per gallon for milk, they will see $7 for milk. >> no word on...
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if you have the u.s. company turning around, europe off the map, china improving as well, central banks around the world, which are not going to change their easing policies any time soon. then china cooperating as well. >> i think lots of plus there is. we would agree that certainly housing is moving upward as mohammad mentioned this morning. energy costs in terms of natural gas are down. china is reinstituting fiscal stimulation and japan is on the move in terms of easier money. all that is a positive, but we have come to expect in the asset markets a 10%-plus type of return for taking equity risk. and really if the real economy only grows at 2% to 3%, it is a case of spending straw into gold and how long that will continue. a 5% return from stocks, 2% to 3% from bonds is something we should expect going forward even with the pluses that you mentioned. >> what about your outlook for gold? your outlook is that gold is going to move higher in 2013, and i would assume that's because you know the fed will b
if you have the u.s. company turning around, europe off the map, china improving as well, central banks around the world, which are not going to change their easing policies any time soon. then china cooperating as well. >> i think lots of plus there is. we would agree that certainly housing is moving upward as mohammad mentioned this morning. energy costs in terms of natural gas are down. china is reinstituting fiscal stimulation and japan is on the move in terms of easier money. all...
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u.s. found unharmed this morning in virginia. coming up, for many of us, keeping new year's resolutions can be a challenge, but we will show you some ways to use your smartphone to stay on track. and the new year means big changes for some same-sex couples in maryland. new laws go into effect tomorrow but not for everyone. plus with a playoff spot secured, the rush is on for redskins fans to get their hands on team colors as quickly as they can. meanwhile, a live look outside. gorgeous morning with >> you are watching abc 7 "news at noon," on your side. >> overseas, a lot of the celebrating is already under way. we have live pictures of the vatican, where you can see services for this new year, 2013. pope benedict walking up to the altar. we still have less than 12 hours on the east coast before we celebrate the new year, but people all around the world are enjoying 2013 already. >> [[cheers and applause] ] >> fireworks at sydney harbour at the opera house. the celebrations in wellington were canceled because of dangerously high
u.s. found unharmed this morning in virginia. coming up, for many of us, keeping new year's resolutions can be a challenge, but we will show you some ways to use your smartphone to stay on track. and the new year means big changes for some same-sex couples in maryland. new laws go into effect tomorrow but not for everyone. plus with a playoff spot secured, the rush is on for redskins fans to get their hands on team colors as quickly as they can. meanwhile, a live look outside. gorgeous morning...
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if you lop off any growth from the u.s. economy, that will have a ripple affect across the althouthe atlantic. you will feel the ripples go across the pacific to asia and japan and china and to all those countries and across the atlantic to europe. i was talking a few moments ago to ali rand. he's the vice president for the urpian commission and he's the economics commissioner for the yourian union. the chief if you like of economics. he said we're concerned about the u.s. going over the cliff. it's time for a partial deal, and we support the efforts of u.s. policymakers. he said it would have a negative impact, and he said if there's no deal before the year's end. europeans tonight are -- not that it makes much difference. are calling very firmly on all the parties in washington to get a deal done. >> so, richard, i don't know if washington is listening to anybody outside of washington yet, but we'll see how the day goes. there's a lot of blame directed to the united states, but you know, you look at the euro zone, and it
if you lop off any growth from the u.s. economy, that will have a ripple affect across the althouthe atlantic. you will feel the ripples go across the pacific to asia and japan and china and to all those countries and across the atlantic to europe. i was talking a few moments ago to ali rand. he's the vice president for the urpian commission and he's the economics commissioner for the yourian union. the chief if you like of economics. he said we're concerned about the u.s. going over the cliff....
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u.s. policy toward north korea hoping that north korea will give up its weapons for aid has been a failure. it's been a bipartisan failure, frankly, for decades, and it's gotten us now to this point. the hope that north korea can be induced to abandon its ambitions for nuclear weapons and missiles distracts us, north. it distracts us from pursuing the very policies that might actually change the behavior of the regime and support its people. going forward, we need to move away from an unimaginative policy here to one with energy and creativity and focus, so let's tackle north korea's illicit activities, its counterfeiting of u.s. currency. this regime will do anything for money. it is, as many north koreans will tell you, it is a gangster regime. let's interfere with those shipments and disrupt the bank accounts that are used. let's ramp up radio broadcast in the country where there is information wall that is cracking. and let's help the refugees who are literally dying to escape the pris
u.s. policy toward north korea hoping that north korea will give up its weapons for aid has been a failure. it's been a bipartisan failure, frankly, for decades, and it's gotten us now to this point. the hope that north korea can be induced to abandon its ambitions for nuclear weapons and missiles distracts us, north. it distracts us from pursuing the very policies that might actually change the behavior of the regime and support its people. going forward, we need to move away from an...
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the u.s. snalt gets back to work right about now. the house has been in session for about an hour now. senate leaders are the ones trying to hammer out a deal picking tax break ceilings, trying to lessen the impact of spending cuts. there are still major obstacles to pass. but this morning we're hearing that progress is being made. we'll have more on that and the fiscal cliff negotiations in a minute. >>> first, i want to show you the rest of the world is ringing in the new year. midnight arrived in asia. they are calling it a pyre tech nick musical. they were scheduled to begin an hour before midnight. hong kong on the top ten places to ring in the new year. let's listen. ♪ ♪ ♪ ♪ >>> ring in the new year, good morning 2013. we'll continue to monitor all of these celebrations as the day rolls on. the night rolls on in some cases. midnight in the u.s. is the big fiscal cliff deadline. there are two fronts we are watching today. capitol hill and wall street. let's see if there's any movement on capitol hill. stock markets movin
the u.s. snalt gets back to work right about now. the house has been in session for about an hour now. senate leaders are the ones trying to hammer out a deal picking tax break ceilings, trying to lessen the impact of spending cuts. there are still major obstacles to pass. but this morning we're hearing that progress is being made. we'll have more on that and the fiscal cliff negotiations in a minute. >>> first, i want to show you the rest of the world is ringing in the new year....
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Dec 31, 2012
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let's bring in former maryland governor and u.s. congressman, now senior counsel for government advocacy and public policy at king and spalding. of what your initial reaction to everything that we have not seen in fact, the lack of. what do you make of this last-minute wrangling with less than 12 hours to go? >> reporter: this reminds me of all the omnibus budget negotiations from the past. never changes. i was keeping a list. the anc. it is the same issues over and over again every time we reach this sort of problem with regret to fiscal policy in congress. the big issues obviously -- by the way, sequester is the artificial into the bill into this. the big issue, and salomon reform, long-term tax rates to what to do about spending, $16 trillion in debt. again, being postponed. the bottom line is a mini deal along the lines of kicking the can down the proverbial alley, no doubt about it. waiting until a new congress is sworn in in order to hopefully finally really bottom-line did to the major policy issues regarding the country incl
let's bring in former maryland governor and u.s. congressman, now senior counsel for government advocacy and public policy at king and spalding. of what your initial reaction to everything that we have not seen in fact, the lack of. what do you make of this last-minute wrangling with less than 12 hours to go? >> reporter: this reminds me of all the omnibus budget negotiations from the past. never changes. i was keeping a list. the anc. it is the same issues over and over again every time...
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a swing state in the race for the white house and which party would control the u.s. senate. hundreds of thousands of voters turned out in northern virginia. some waited in long lines for four hours to cast their vote. presidential candidates criss-crossed the old dominion ral alying supporters and spending millions on ads. in the end, voters helped re-elect president obama and elected former governor tim kane to the senate. number four, marylanders made history along with with maine and washington state. they approved marriage equality giving same sex couples the right to marry. gay couples in maryland can begin saying i do in january. number three, scandal in the districts. for the first time in the city's history, two sitting council members resigned and pleaded guilty to felonies. chairman brown resigned in the summer after lying on federal loan documents. ward five 's terry thomas resigned in january admitting to stealing $400,000 designated for city youth programs. plus, the on going investigation into d.c. mayor vincent gray's 2010 campaign. jean clark harris pleaded g
a swing state in the race for the white house and which party would control the u.s. senate. hundreds of thousands of voters turned out in northern virginia. some waited in long lines for four hours to cast their vote. presidential candidates criss-crossed the old dominion ral alying supporters and spending millions on ads. in the end, voters helped re-elect president obama and elected former governor tim kane to the senate. number four, marylanders made history along with with maine and...